From: Governor Swill <governor.swill@gmail.com>
Newsgroups: alt.fan.rush-limbaugh,can.politics,alt.politics.trump,alt.politics.liberalism,alt.politics.democrats,alt.politics.usa.republican
Subject: Re: LOL... Moronic 4 Year Old Thinks We're Still On The "Gold Standard"
Organization: Easynews - www.easynews.com
Date: Wed, 15 Oct 2025 18:44:51 -0400
On Wed, 15 Oct 2025 08:02:41 GMT, Jan Panteltje <alien@comet.invalid>
wrote:
>>Governor Swill <governor.swill@gmail.com>wrote:
>>>On Tue, 14 Oct 2025 08:43:28 GMT, Jan Panteltje wrote:
>>
>>>But WHY should a country buy US debt when they can get
>>>much better return on buying gold, or some other currency
>>>than inflating dollars?
>>
>>Because US debt profits are more reliable. The interest is stated in
>>advance and rises in direct correlation to inflation.
>>
>>It's worth noting that in the aftermath of Bush's Great Recession,
>>nations and institutions were still buying treasuries even though the
>>interest rate offered was 0%. Why? Because US treasuries were the
>>safest place to keep your money. Earnings and yield became irrelevant
>>against safety.
>>
>>Gold, like most other investments, has no guaranteed yield and can, in
>>fact, become worth less than you bought it for faster than you can
>>unload it.
>
>
>https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart
>
> Richard Milhous Nixon
For whom I voted TWICE.
>(January 9, 1913 â April 22, 1994)
> was the 37th president of the United States,
> >>>>> serving from 1969 until his resignation in 1974.
>
>He decoupled the US dollar from the gold standard.
>Ever since 1970 gold has been rising (US dollar falling)
>see above graph from 1970 to today.
>
Pity you're not as specially clever as you think you are.
Gold was set at $35 an ounce until Nixon decoupled it allowed both
gold and the dollar to float freely.
OBVIOUSLY it's value as measured in paper currency was going to rise.
This led to the base inflation (aggravated by oil shocks and deficit
spending) that plagued the US for the next decade and a half.
As for the continuing rise in gold prices, it looks rather like a saw
blade as it goes up and down but ever trending up. Why does it trend
up?
Because the gold supply grows more slowly than population, economic
output and the paper money supply.
DUH!
--
"The next voice you hear will be your own."